9.16.2010

On: "insubordination toward government that knows everything"


A nickel for big government

Excerpts:

The National Recovery Administration was an administrative mechanism for the National Industrial Recovery Act of 1933, which envisioned regulating the economy back to health by using, among other things, codes of fair competition. The theory was that by promoting the cartelization of labor by encouraging unions, and the cartelization of industries by codes that would inhibit competition, prices would be propped up and prosperity would return.

Soon there were more than 500 NRA codes covering the manufacture of products from lightning rods to dog leashes to women's corsets.

...

Pick at random any three letters from the alphabet, put them in any order, and you will have an acronym designating a federal agency we can do without.


Comment: Excellent read on Big Government. More on the National Recovery Administration. Not to be confused with the good NRA!

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